Analysis
March 28, 2025
Active rig counts stable in US, decline in Canada
Written by Brett Linton
US oil and gas drilling activity remained relatively steady this week, while Canadian operations declined, according to Baker Hughes. US rig counts remain slightly above multi-year lows, while Canadian activity is slowing following a seasonal peak.
US rig counts have held between 592-593 for over a month, hovering just above the three-year low of 576 rigs recorded in late January. US drilling activity has remained at reduced levels since June 2024.
